|[July 23, 2014]
Chambers Street Properties Completes Sale of United Kingdom Shopping Center
PRINCETON, N.J. --(Business Wire)--
Chambers Street Properties (NYSE:CSG), a real estate investment trust
focused on acquiring, owning and operating net leased industrial and
office properties, announced it has completed the sale of Maskew Retail
Park, a 144,400 square foot shopping center on the outskirts of
Peterborough, United Kingdom, for approximately $63 million.
Chambers Street acquired Maskew Retail Park in October 2008. It was the
last remaining retail property in the Company's 129-property, 35.8
million square foot portfolio.
"This sale represents the completion of our plan to strategically divest
the Copany's portfolio of retail assets," said Philip L. Kianka,
Executive Vice President and Chief Operating Officer, Chambers Street.
"We continue to evaluate our entire portfolio as we concentrate our
efforts on allocating more of our resources to the industrial property
sector as part of our long-term investment strategy."
About Chambers Street Properties (NYSE: CSG)
Chambers Street is a real estate investment trust focused on acquiring,
owning and operating net leased industrial and office properties, leased
to creditworthy tenants. As of March 31, 2014, Chambers Street owned or
had a majority interest in 129 properties located across 20 U.S. states,
France, Germany, and the United Kingdom encompassing approximately 35.8
million rentable square feet.
For additional information, please visit www.ChambersStreet.com.
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